Summary:

  • G20 summit in Argentina produces “constructive” discussions on cryptocurrencies
  • Bitcoin comes back above $9000 after a brief decline well below $7500
  • 8% of the American population currently own digital currencies, the details are yet more interesting

The G20 summit taking place in Argentina was believed to be the relevant event for cryptocurrencies and one may acknowledge that it was, however, just a little details have been released so far. According to governor of the Argentina’s central bank “the spirit of the discussion was very productive, and I agree that everybody left very pleased”. It needs to be said that crypto talks took place behind a closed door on Tuesday. Although members of the G20 group were really continent with regard to talking to media outlets about the fallout of cryptocurrency discussions Italian central bank leader went a step further saying that while virtual currencies pose some risks they should not be completely banned. He added that “my understanding is that there was an acceptance of continuing to work also on the stability side with the idea that this doesn’t imply barring it”. To sum up, while no binding steps were taken in Argentina a promising tone of discussions seem to be enough to prop up digital currency prices.

link do file download linkBitcoin gained a foothold following some reports coming from the ended yesterday G20 summit in Buenos Aires. The price is likely to come back toward $8500 which could be seen as a buying opportunity. If this demand area proves to be sufficient to prevent deeper declines, it could be a convincing signal for Bitcoin bulls. Source: xStation5

There is no doubt American people are crazy when it comes to cryptocurrencies, but not so much like Asian people, however, it seems that there is still a long way to go when it comes to cryptocurrency popularity. According to the newest survey carried out by Finder almost 8% of respondents (2,001 American adults) have invested in any digital currency suggesting that the market appears to have still an abundant room to become more popular.

link do file download linkMillennials are among the most interested in investing in cryptocurrencies. Source: bitcoin.com

The details of the poll illustrates that millennials are among those people being the most engaged in digital currencies which cannot be surprising. What’s interesting, among the 92% respondents who have yet to invest in virtual assets just 7.8% of them plan to do so in the future. Reasons standing behind discouragement to put money into digital currencies are especially worth looking at, and we may single out too high risk, lack of understanding how it works, concerns it’s just a scam or a bubble that is going to burst. Some pointed to too many fees or difficulties in using cryptocurrencies in the real world.

link do file download linkLitecoin has neared its key resistance being supported by a local supply zone as well as an upper boundary of a channel. If bulls are determined enough to move through it, they would open a way for much higher levels. Source: xStation5